Mortage Loan Processor

## Description **Mortgage Loan Processor @ BSI Financial Services** Join BSI Financial Services as a **Mortgage Loan Processor**. The mortgage loan processor is responsible for assembling, administering, and processing loan applications before it gets approved by the Underwriter. A loan processor plays a key role in getting the mortgage loan request to the final close. The ideal candidate will be an excellent communicator, both written and verbal. **WHAT YOU WILL DO:** - Review and analyze residential loan applications to verify application data is complete and meets investor guidelines. - Create a needs list that documents the review findings and preliminary documentation required to generate an initial credit decision within 24 hours after file assignment - Is the single point of contact for the client - Acts as the liaison between the client, the Loan Officer, vendors, and business partners - Adhere to SLA’s for client follow-up and completing various milestone calls throughout the life of the loan - Provide Professional and accurate service to clients, co-workers, and business partners by responding to all messages and correspondence in a timely manner but no later than the end of the business day - Request outstanding underwriting conditions and set client expectations to deliver no later than 24 to 48 hours - Must demonstrate the ability to work in a goal-oriented environment, multitask, and prioritize work to maximize results - Work in a manner that reduces the life cycle of the loan without jeopardizing the quality of the file - Review Borrower request(s) for changes and/or waivers of certain forms or loan documents and conditions, identify issues and concerns, coordinate timely communication of request(s) with the Manager first - Manage or demonstrate the capacity to manage a pipeline averaging 30+ loans at various stages (initial file review, submit to Underwriting and submit to Closing). - Understands the Closing Disclosure and comfortably discuss its details with the client - Schedule the closing - Provide feedback to Management on operational improvements to processes/workflows. Perform accurate audit of files prior to submission to Underwriting and prior to submission to Closing. - Promote and provide excellent customer service by effectively communicating and cooperating with all internal and external business partners. - Develop and maintain knowledge of moderately complex loans and comply with policy and regulations, industry standards, conveyance/settlement procedures, current real estate laws and terminology, and appraisal requirements. - Maintain a constant balance of producing quality with a high-volume workload. **WHAT WE’RE LOOKING FOR:** - High school diploma or GED - 3-5 years related job experience with knowledge of residential real estate loan processing environment - Knowledge of the appraisal process. - Prior work experience in loan processing and terminology. - General office practices and customer service skills, establishing and maintaining effective working relationships as required by specific job duties. - Operation of standard office equipment, including desktop or laptop computer, dual monitors, printers, and scanners. - General knowledge of software applications and automated and/or manual loan document and closing systems, as required by specific job duties. - State and federal regulatory/reporting requirements pertaining to the assigned function. - Internal policies, standards, procedures, and practices to the assigned function. · Understanding of collateral requirements with general exposure to loan documentation. - Content, intent, and application of local, state, federal laws/regulatory requirements, as they relate to the assigned function. - Content and application of loan programs/products as they pertain to real estate lending. - Knowledge of accounting standards and practices and their application to loan processing and reporting activities. **Position Type and Expected Hours of…